1. Seth, Janice, and Lori each borrow 5000 for five years at a nominal interest rate of 12%, compounded semiannually. Seth has interest accumulated over the five years and pays all the interest and principal in a lump sum at the end of five years. Janice pays interest at the end of every six-month period as it accrues and the principal at the end of five years. Lori repays her loan with 10 level payments at the end of every six-month period. Calculate the total amount of interest paid on all three loans. Select one: a. 8728 O b. 8738 c. 8748 d. 8758 O e. 8718